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What is a definition of externalities. How does the presence of an externality distort a normal free market? What three potential solutions are suggested for overcoming externalities? How do they prevent an externality such as pollution?
Draw, on a large graph, a market for apartments in equilibrium, and then apply a binding rent control. Explain and indicate how the relevant economic agents are affected by the application of this price control, and why economists say rent control is..
“The high price of gasoline is hurting our economy” said Mark Kirsch, a trucker in April of 2008 when Gasoline prices were at all-time highs due to $100/bbl. + oil prices. “Its hurting middle class people.” Explain to truck drivers why a government i..
A student has a budget of $200 for their meals outside of the home per week. One possibility is purchasing a meal at a restaurant, which we will call x1, and which costs $20, and a second possibility is purchasing a meal at the school cafeteria, x2, ..
1. Define, in your own words, the concept of globalization. 2. Relates your response to the concepts of developing economies and emerging economies.
Consider the Cournot game. Suppose we relax the assumption that the firms are identical by assuming that one of them has a larger capacity. How does this change the outcome of the Cournot game?
____________ measures the percentage change in the quantity of good x resulting from a percentage change.
I believe that interest rates will drop and that I can sell it in a year for $10,000. What is my expected IRR for the year?
For this discussion, think about where you work or a business you have a significant amount of knowledge about. What is a common product that the business sells? What are the main costs the business has to incur in order to be able to sell that produ..
Cournot (quantity) and Stackelberg (sequential) Two identical firms, Firm 1 and Firm 2, compete in quantity in a market where inverse demand is P(Q) = 100 − Q and there exists a constant marginal cost of 20 per unit. Find the quantities ˆq1 and ˆq2 c..
What are the key steps in the process of revenue cycle management? Please provide detail explanation.
Are the current unemployment and inflations rates high or low compared to the historical averages of the United States?
A) nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate?
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